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9Hi all,
I have some troubles with the setup of Reducing balance for Fixed Assets.
Case:
Company : Fiscal year 1/10/2024 – 30/9/2024 (is also the setup in my GL)
I have some troubles with the setup of Reducing balance for Fixed Assets.
Case:
Company : Fiscal year 1/10/2024 – 30/9/2024 (is also the setup in my GL)
Reducing balance 10%
Depreciation profile:
Books:
10/15F
When we acquire a fixed asset on 1/10 è you can see that the depreciations run perfectly.
(Book 10/15Fiscal) Because it runs in the same period as the fiscal year.
After 12months it’s depreciated for 8.000 € ( 10% of 80.000)
After 12months it’s depreciated for 8.000 € ( 10% of 80.000)
But if we acquire a fixed asset on 1/5 è the depreciation value changes with the fiscal year and if we take the sum of everything it’s = 7.805,58 (instead of the correct 8.000 €)
It's a difference of +- 200 €
Is it possible to have monthly the same amount for 12 months? – doesn’t matter when you acquired the fixed asset.
Or is it not possible with reducing balances?
Such as in my Excel example?
If period 1 would be also 1/5/2024.
Thanks in advance for your feedback!
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